The best part of this chart is how the 18 years sideways created an 18 year breakout pattern.
The other best part is how the current market had mimicked the 1942-1970 rally with the 1982-2000 rally and the resulting corrections are similar, even down to the false breakout after an 8-year sideways pattern, followed by a 50% correction.
We could still be going sideways to mimic the late 1970's, but the Central Bank's collective $10 TRILLION buying spree has kept assets afloat.
The other best part is how the current market had mimicked the 1942-1970 rally with the 1982-2000 rally and the resulting corrections are similar, even down to the false breakout after an 8-year sideways pattern, followed by a 50% correction.
We could still be going sideways to mimic the late 1970's, but the Central Bank's collective $10 TRILLION buying spree has kept assets afloat.
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